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Usdchftrade

USD comeback? - Ichimoku USD/CHF Long Trade SetupIf you are in my membership then this setup should seem familiar to you. It's been on our watch list since last week and I am still waiting for it to progress to give me a valid entry. We've been ranging in the kumo so far and we're approaching a bullish kumo twist soon. I'm still waiting for this to progress a little further in the kumo until we can get to a bullish kumo breakout which will hopefully coincide with a bullish TK cross and chikou span rising up and through price. Any combination of these confirmations with the kumo breakout should be enough to validate a buy entry for me. You'll notice the lines I've drawn out from our previous successful sell entries. I've left these drawn on this chart to illustrate that the market tends to return to key levels. What acted as support and resistance will now act as potential take profit levels and resistance once again. That is exactly what these indicators do is point to confluences of price structure without having to draw anything manually on our charts. I am going to use some of these horizontal lines as partial take profit levels if we get a valid buy entry. The reason I do this is to limit risk exposure as this progresses as well as take some profit off the table, but ultimately you need to decide to trade based on a style that best suits you. If we fail to get a bullish breakout or our bullish confirmations fail, this setup may become invalidated.
Long
by The808Trader
USDCHF trade IdeaThe yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged. I have bought at market price 0.99466 and # placed my stop just below the trend line and previous low @ 0.98876 and # my take profit is below the resistance level higher up @ 1.00496 Don't bet the farm and never invest what you can't afford to lose. For full details on trade management join me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
USDCHF Trade IdeaWhen checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to buy at will be 0.99336 with SL below the previous swing low @ 0.98576 and Take profit higher up just below resistance @ 1.00496 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
The #USDCHF strengthened a lot? This is not the end, apparentlyAs can be seen in the graph above there is a serious resistance at 10090 price, each time the usdchf touched this resistance it fell, the first time the fell was relatively large and each time it shortened more and more it usually signifies that the sellers are getting weaker, We think this time it will break this resistance and then the price of the USDCHF will strengthen by 200 pips as it reaches its next resistance. Buy USDCHF: Entry Price:1.0077 Stop Loss: 0.99 Take Profit: 1.03
Long
by xosignals
USDCHF Trade IdeaThe resistance level has been pinned and price is around a key supply zone on the Daily time frame - I am shorting at market price with: Stop loss 25 pips from my entry (just above the highs) making this an ultra low risk setup (Sl at 1.00288) and Take profit lower down at the support level at 0.99256 This trade offers a 1:3 RRR Don't bet the farm and always exercise healthy risk management :) PS: Check the bearish engulfing pattern on H1 confirming the short....
Short
by Cmasterza
USDCHF Strong Breakout Setup - Possible Buy TradeHello Everyone! Looking at the lower time frames USDCHF is making new lows and lower highs, so far price has reached mutli-sessions downtrend line where I see hidden divergence, there are possible 2 cases here, Case 1: Market may fell and makes a double bottom and then carries on testing prior highs, so in this case execute trade once it breaks the trend line. Case 2: Keeping bigger picture in mind, where momentum is positive on higher time frames, scope is there that the market may break out the trend line and visits the highs straight away, in this case wait for an expansion bar, breaking the trend line and closing above it. This is it for now, hope it helps understanding the idea. Thank you for your support. Good luck and trade safe!
Long
by UmarAbdurRehman
USDCHF trade ideaUSDCHF has been battling to break those highs on the higher time frames so this is an indication that the bulls may be losing control.... Note the following: 1. Trend line broken to the down side 2. Support re tested as resistance and the candle popped a wick to the up side (clue) 3. 50 ema broken... I am shorting at market price @ 1.000281 with TP provisionally at first support @ 0.99890 and SL just above the resistance level @ 1.00580 Don't bet the farm and always exercise healthy risk management
Short
by Cmasterza
USDCHF TRADE IDEAUSDCHF lose some power and it closed pretty bearish. I'll be looking to go short here, as I know that bearish pin bars after that kind of strong bullish closes are more like a "trap", but risk/reward ratio is not bad, and I'll take it with smaller risk. My trade idea here is: USDCHF SELL BELOW 0.9920 SL 1.0000 (-80 pips) TP 0.9800 (+120 pips, Key zone) TP2 0.9550 (+370 pips, only if price break below the trend line) USDHCF BUY ABOVE 1.0000 SL 0.9925 (-75 pips) TP 1.0110 (+110 pips)
Short
by Trade-Insider